Be on the lookout for the SUTA rate change letters that went out in the mail last week. The premium rate schedule was changed from Schedule B to Schedule E so your rates have changed.
If you are contracted with an outside payroll provider you will need to forward this information to them so that they can properly report your SUTA (state unemployment tax) liability. If you are preparing your payroll using a software like QuickBooks or Peachtree, you need to edit your SUTA rates within the payroll item set up. QuickBooks will do “catch up” calculations to adjust for the rate reduction when you run your next payroll.
If you need any help with this, contact Cindy, Sheryl or Jean and we will be happy to help you get this change made.